Figure Salary Qualifies as 'Low Income' in San Francisco

Daniel Fowler
June 28, 2018

Their 2017 estimates determined that a $105,350 salary met the low-income requirements for subsidized housing programs in San Francisco and San Mateo.

In San Francisco, San Mateo and Marin counties, a family of four must earn $117,400 a year. A family of four in the other Bay Area, where median home prices are near $1 million, could make almost $120,000 and still get help. Not only is the low-income gauge the highest such limit in the country, but it represents a 10% increase over a year ago, per the San Jose Mercury News. HUD calculates these figures by determining an area's median income and factoring in average rent and other variables. "But it actually is for a family of four in our area". Those who make 80% of the formula amount are considered "low income", while those earning 50% are "very low income" and those making 30% are considered "extremely low income".

These numbers are certainly eye-popping - and they have been rising swiftly.

Tampa Bay area home prices are on a good roll, but nothing like Seattles.

San Francisco, a city of 870,000 was once so diverse it was known as Baghdad by the Bay, but it has grown steadily whiter and richer, according to USA census data, with a median income over $100,000.

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In the first quarter of 2018, the median house price soared to US$1.665 million, a almost one-quarter increase over the previous year, according to Paragon, a real estate brokerage. That compares to 57% in the United States overall.

San Francisco's thresholds come at no surprise.

The Department of Housing and Urban Development (HUD) released new data on income nationwide this week.

"Teachers, firefighters, people who work in restaurants commute insane hours because they live so far out", said Popkin, recalling that a Lyft driver who is also a nurse at a hospital once told her he sleeps in his auto during the week because his home is too far away.

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